Access to Finance Study


The Planning and Priorities Coordination Division (PPCD)
within the Office of the Deputy Prime Minister, as the local Managing Authority
for the European Structural and Investment Funds for 2014-2020, has recently
commissioned a study to assess how EU funds can be used more effectively to
provide access to finance for SMEs in Malta and Gozo.

This study is being
undertaken by the European Investment Fund together with
PricewaterhouseCoopers. The study includes a survey entitled SME access to
finance in Malta.

Over the past few years, surveys across EU member
states have indicated that some SMEs, particularly micro-enterprises, have been
experiencing difficulty in accessing finance. 
This is something that is also of interest to us locally and for this
reason it is important to ensure that the survey being undertaken is well
represented across the different sectors.

In this regard we kindly ask you to dedicate a few
minutes to respond to the questionnaire. Completing this survey will take
approximately 15 minutes and should be completed by the person who would best
be able to provide information on how your enterprise is financed (typically
the chief accountant, managing director or principal owner of your company).
Please note that the survey is completely anonymous and that no information
identifying your company will be collated.

 

Link to the online survey: http://pwc.qualtrics.com/SE/?SID=SV_e2uVTlmFLmt92tv

 

How to complete the questionnaire:

Most of the
questions can be completed by ticking or writing the answer in the relevant
boxes.

You do not need
to complete the questionnaire in one session. Your answers will automatically
be saved when you exit the questionnaire. For subsequent visits, you just need
to reuse the individual link provided above in the present email. You will
automatically be directed to the next questions in the survey.

Office hours

GRTU would like to inform
you that  from Monday 14th July 2014 to
Sunday 14th of September 2014, the organisation will be open for half days.
Full day work will resume on Monday 15th September 2014.

Kindly note that for any
urgent matters kindly contact Ms Bernice Cutajar on mobile number 99962113.

 

Whilst wishing a you a
summer full of fun we would like to thank you for your constant support.

Waste electrical and electronic equipment EU Directive (Recast) transposed to Maltese Law


The WEEE
Directive (Recast) has very recently been transposed into Maltese Law through
Legal Notice 204 of 2014.

The legislation has come into force as of 14th
February 2014 and subsequently also repeals Legal Notice 63 of 2007. The scope
of this producer responsibility Directive, is to enforce stricter targets of
collection, dismantling, treatment and final recycling of Waste Electrical and
Electronic Equipment (WEEE).
The
target recovery for 2014 and 2015 remains 4 kgs per capita but as from 2016
targets start increasing gradually from 42% of market placement in 2016 to 65%
by the year 2021. The Directive allows for self compliance to the legislation
but also allows compliance through a WEEE Compliance Scheme.

These
regulations bring into effect the provisions of Directive 2012/19/EC of the
European Parliament and of the Council of 4 July 2012 on waste electrical and
electronic equipment and repeal Directive 2002/96/EC of the European Parliament
and of the Council of 27 January 2003.

"Electrical
and electronic equipment" or "EEE" means equipment which is
dependent       on electric currents or
electromagnetic fields in order to work properly and equipment for the
generation, transfer and measurement of such currents and fields and designed
for use with a voltage rating not exceeding 1,000 Volts for alternating current
and 1,500 Volts for direct current.

The
categories of electrical and electronic equipment are outlined in the Schedules
included with the legislation. Producers are duty bound to register with the
Competent Authority and are then obliged to join a Compliance Scheme or self
comply to the legislation.  The Legal
Notice transposing the Directive specifies also specific guidelines to the
following regulations: Disposal and transportation of collected WEEE,
Collection rates, Permits, Shipments of WEEE, Recovery targets, Financing for
WEEE emanating from household and other sources, Registration, information and
reporting, Authorized representative, Agreements between Producers and WEEE
Compliance Schemes, Auditing, Inspection and Monitoring and Penalties for
offences.

It is
currently a known fact that a number of EEE 
products that are currently placed on the market are obliged to pay Eco
Contribution. A number of products outlined in the Schedules do not pay a
current Eco Contribution. Eco Contribution is a stumbling block to the
implementation of this complicated EU Directive.

In
addition data in hand also provides a demanding situation in relation to
meeting targets in 2016.

In 2006
NSO statistics show that around 12 ,000 tons of WEEE was placed on the market.
Green MT  is currently assessing last
years market placement. However data in hand shows that WEEE recovered by
Wasteserv in 2012 and 2013 was 2055 tons and 1632 tons respectively. In
addition it is to be noted that Category 1 pertaining to Large Household
Appliances constitutes 69% of total collections at Civic Amenity Sites,
Category 3 which includes IT and telecommunications equipment recovered in
these two years amounted to approximately 16 % 
and Category 4 which includes Consumer Equipment and PV panels recovered
amounted to 14% . Other categories fared insignificantly in respect to
collection. WEEE collected at a few WEEE facilities run by the private sector
is not as yet currently known.

Further
information in respect to this Legal Notice can be obtained by contacting Green
MT on 21496965/6 during office hours. Green MT is an Authorized Packaging and
Packaging Waste Scheme, a fully owned subsidiary of the GRTU Malta Chamber of
Small and Medium Enterprises.

The World Cup can be good for business


The World Cup
is an interesting phenomenon that generates business not only in the country
where it is taking place but also in countries like Malta that do not do well
in the game itself but where nonetheless enthusiasm is ample. Maltese
businesses know this and know that such events have a strong socialization
element and therefore see the World Cup as an opportunity to maximize sales.

The
trend which has been on the increase of hosting friend and family and
entertaining at home will continue which is good for super/mini markets,
takeout establishments, etc…

The
biggest winner however is the leisure industry. This industry has gone out of
its way to cater for the needs of its clients with big screens and special
promotions. There is also an element of reinvention in the sectors that would
usually undergo some degree of slowdown due to the World Cup. This is true for
Cinemas for instance that are showing the games.

Thanks
to the extension given on opening hours the leisure industry can work
comfortably. The extension especially affects positively those businesses not
located in the tourist localities which as a result would be subject to
increased restrictions.

Business
should continue to thrive as the games progress especially if England and Italy
stay on or even if wither of them win. So we hope for a such an outcome in the
interest of Maltese business!

GRTU pleased with Malta’s MEP group

 GRTU
Malta Chamber of SMEs would like to publicly express its satisfaction with the
group of highly valid individuals that have been elected as MEPs. We believe
that this group will bring great success to our country and will be also
effective in protecting the interests of our SMEs.

GRTU
was very active during the MEP elections campaign and managed to put the
priorities of its members on the agenda. Amongst others GRTU requested that the
elected MEPs keep in close contact with business representatives to ensure they
know how proposals coming   from the EU
will impact local enterprises. GRTU also emphasized on the importance of
thinking small first and taking the particularities of Malta and Maltese
businesses into consideration and not applying a one-size-fits all.

Amongst
those elected are three MEPs with whom GRTU already enjoys excellent working
relations and with whom we have had the opportunity to work for the benefit of
our members. We look forward to extending this to the newly elected MEPs as
well as enhancing existing relations.

We
feel that our group of MEPs possesses the right credentials and experience
which in itself is very promising, however the fact remains that it is a very
small group. We once again therefore reiterate that our six representatives
should work together as a group to ensure that we are effectively represented.

GRTU
will be inviting the MEPs to a meeting so that we can establish and initiate a
working relationship for the five years to come.

 

May 2014: Economic Sentiment rises in the euro area, remains broadly stable in the EU

 The headline
indicator for the EU remained broadly stable (+0.2), reflecting slipping
sentiment in the largest non-euro area EU economy (UK, -1.0). Sentiment in
Poland was flat (±0.0). In line with the euro area results, confidence in the
EU improved among consumers and in financial services. By contrast, while EU
confidence increased in retail trade, developments in the other business
sectors were worse than in the euro area.

Consumers'
views on future unemployment as well as managers' employment plans in
construction and services for the euro area were paralleled on the EU-level.
Contrasting with the euro area, EU managers in industry revised their
employment expectations downwards, while EU employment plans in retail trade
were assed more positively.

As for
price expectations, EU results were similar to the developments in the euro
area, except for a downward revision of selling price expectations in services.

 

 

Innobarometer 2014: Lack of financial resources hinders the commercialisation of innovations

The European Commission has published this week the
Innobarometer 2014 survey to understand the views and attitudes of EU
enterprises towards the role of public support in the commercialisation of
innovations.

The survey highlighted that the main hurdle to the
commercialisation of innovative goods or services is the lack of financial
resources.

Most
companies have not received public financial support for R&D or other
innovation activities since January 2011. Most importantly, access to finance
is still the main obstacle encountered by companies in the commercialisation of
their products or services. However, 66% of companies say that they have
introduced at least one innovation in the last three years and for 61% of
companies, innovative goods or services contributed 25% or less to annual
turnover in 2013.

 

 

The Adoption of Family Friendly Measures at the Maltese Work Place


Gone are the
days when the majority of families had only one breadwinner per household
wherein the men work and in turn their wives look after their children and
perform all the domestic chores. With today's lifestyle of both men and women
struggling to cope in creating the ideal balance between job and family
responsibilities, the European Union felt the need to boost and raise awareness
of the so called "Family Friendly Measures" for an improved way of life and
better working conditions of its citizens.

This
matter had been given considerable importance at European Union level in order
to enhance participation in the labour market and iron out the rising quandary
of low birth rates in a number of European Union Member States. In this
respect, the Government of Malta is following suit by promoting the adoption of
family friendly measures by bringing into force various Maltese Subsidiary
Legislations and affecting a number of amendments to

employment
legislation.

This
move has been deemed by many as
being essential due to the fact that according to statistics published by
EUROSTAT, Malta is one of the EU28 with the lowest rate of working females.
However, on a more positive note, the above mentioned rate has increased to
49.8% in 2013 when compared to 32.1% in the year 2001.

For the aforesaid reasons, the
Government of Malta as an employer has, in the past, and still is, setting an
example to the private sector by granting a variety of family friendly measures
to the public sector and service which include:

 

  • Adoption leave;
  • Birth leave;
  • Maternity leave;
  • Parental leave;
  • Paternity leave;

 

As part of the initiative in
promoting family friendly measures, the Public Administrate ion HR Of f ice has
published, on 16th August, 2012, the "Family – Friendly Measures Handbook" in
line with the policy of the Government of Malta which manual is applicable to
all public employees.

Nevertheless, in instances were these
family friendly measures do not form an integral part of Maltese Legislation,
such as working flexible hours and working on reduced hours, any requests made
by employees, may only be acceded to following evaluations and discussions
between the Director (in the case of public service) or Employer (in the case
of private sector) and the employee concerned and on condition that the
exigencies of the service or company are not deterred. Notwithstanding the
above, the key scope of this manual is to act as a management tool for Human
Resources Managers and Directors a like in assisting them in implementing the
above mentioned family friendly measures whilst motivating and supporting
employees in reaching the perfect equilibrium

between work and family.

Therefore, by setting an example to
the private sector, the Government of Malta is striving in reminding all
Maltese employers that ‘family' is the core of our small nation. In relation to
the family friendly measures applicable to employees working within the public
service, such measures are regulated by the Public Service Management Code
which code is binding and enforceable on public officers. On the other hand,
the following family friendly measures which are applicable to workers engaged
in the private sector are regulated by national legislation as explained here
below:

 

Adoption
Leave

This family friendly measure is
regulated by Regulations 4, 5 and 5A of Subsidiary Legislation 452.78 of the
Laws of Malta which was brought into force by means of Legal Notice 225 of
20003 on 2nd September,2003. These Regulations apply to all employees whether
working on fulltime

or part-time basis and irrespective
of whether such are employed for a definite or indefinite term however,
provided that the employee making such a request has been in employment with
the same employer for a continuous period of a minimum of twelve months. As per
Regulation 4(1) of

the aforementioned subsidiary
legislation, adoption leave is granted in the form of parental leave whereby
employees of both genders have an individual right to be granted unpaid
parental leave on the basis of adoption, fostering or legal custody of a child
in order to enable such employee to look after the said child. Nevertheless, in
order for an

employee to avail of such a right,
the child who is to be adopted or fostered must fall within the age bracket of
4 months up to the age of eight years. The employee concerned is also obliged
to notify, in writing, his employer of the former's intention to apply for
parental leave at least three weeks in advance.

 

Birth Leave

This family friendly measure is defined
in article 2(1) of the

Minimum Special Leave Entitlement
Regulations (Subsidiary Legislation 452.101 of the Laws of Malta ) as meaning
"leave without loss of wages granted to a father on the occasion of the birth
of his child". In accordance with article 1(2) of the aforementioned
legislation, such leave is granted to employees who have just become fathers
and who work on a full-time basis. The scope of the said legislation is to
create minimum standards which may be altered so long as these are more
favourable than the minimum standards established by law. Regulation 4(1)(b)
provides that employees are entitled to a minimum of "one working day of birth
leave". This regulation further provides that such leave "…shall be availed
of on the next working day after the occurrence of the relevant event".

Such condition may, however, be
varied so long as the employee requests a postponement of up to two weeks
following the event due to compelling circumstances. However, employees working
within certain sectors for instance the laundries industry, the construction
industry and the private security industry, such are entitled to two days birth
leave with full pay.

Moreover, Regulation 6(1)(a) of
Subsidiary Legislation 452.79 also provides that part-time employees are
entitled to pro-rata birth leave.

 

UGreenS – Lifelong Learning Programme


Leonardo da Vinci – Transfer of Innovation – Sustainability,
which involves the optimization of economic, social and environmental issues,
is becoming a key element in buildings and the construction sector in
general. 

The construction industry,
being one of the foremost consumers of energy, cannot ignore requirements of
sustainable development any longer. Within a climate change context, the
immediate implementation of sustainable construction practices are becoming a
necessity. Urban Greening technologies are in consonance with the EU's response
to the climate change challenge thus enhancing the climate resilience for
buildings in general

Whilst
the general principles of sustainable construction are slowly being
incorporated in university curricula under the pressing deadline of the Europe
2020 targets, it would be a rather late response, if one were to wait for such
educational programs to bear fruit. Furthermore we cannot ignore professionals
already in the field as well as developers and NGOs militating on built
environment issues.  Developers have
always shown themselves to be responsive to emerging technologies which they
are willing to implement through the capability of seasoned professionals and
who are regularly kept in check by civil society.  We therefore need to tap into a number of
practicing professionals (engineers, architects, landscape architects and urban
horticulturists) who are familiar with urban greening concepts and are also
eager to learn new techniques and, in turn, disseminate them to their
respective societies so as to be able to hit the ground running.

Urban
Greening (UG) uses technologies (such as Green Roofs and Living Walls) that are
widely known to mitigate urban heat island effects, storm-water runoff, as well
as providing thermal conditioning for buildings, thus significantly
contributing to sustainable construction and development. In Mediterranean
countries, however, UG technologies have witnessed little application. The
reasons for this include a lack of knowledge, by society and the construction
industry, of the benefits of using green roofs and a limited technical
expertise for the widespread implementation of UG technologies.  Green infrastructure solutions are often
cheaper in one-off and maintenance costs than purely technical protection at a
larger scale.  Moreover such solutions
also enhance the aesthetics of a building and enhance its value.

UGreenS
aims at introducing the practical know-how for the implementation of two new
technologies, Green Roofs and Living Walls, both of which fall under the
umbrella of Urban Greening.  This
knowledge will be introduced to practitioners such as professional engineers,
architects, scientists and where there is specific interest to developers and
non-governmental organisations to enhance the skills of the capacity of our
community, offer the opportunity of training those who wish to be first movers
in these areas and ultimately reinforce sustainable construction in Malta.  An initial 2 day workshop will be shortly be
organised for 10 professionals.  The
organisation of another workshop will be given due consideration if there are
specific requests from the business, development, professional or non-governmental
communities for additional training sessions aimed to introduce these concepts.

 

The Faculty for the Built Environment
is the Maltese partner involved in this transfer of knowledge programme which
commenced last year and which brings together experts from Spain, Greece and
Cyprus.  For further information or in
order to express an interest in exploring the possibility of organising a 2 day
workshop (minimum 10 participants), free of charge, contact the resident
academic involved in this project, Perit Kevin Gatt, on .  Moreover you are also invited to regularly
visit the project website at www.ugreens.eu to be updated on the project's
development.

Malta Chamber of SMEs
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